Ch1. 1-1 to 1-3 Vocab.
The intersection of a row and a column in a spreadsheet.
Cell
One variable causes change in another variable.
Causal Relationship
Dates of a bank statement.
Statement Period
Every two weeks.
Biweekly
Interest that is calculated in the principle of an account, using the formula I=Prt
Simple Interest
The variable below the sigma in sigma notation, used as a counter.
Index
The end of the curve on each side of the mean.
Tails
Account owner of a check; the person who writes a check.
Drawer
Money that is withdrawn at regular intervals.
Systematic Withdrawal
A fee that some banks charge to provide access to checking or savings accounts.
Maintenance Fee
The ratio of the frequency of a particular interval ton the total number of pieces of data collected.
Relative Frequency
Represented by R, it is a number between -1 and 1, inclusive, that is used to judge the relationship between the two variables.
Correlation Coefficient
Payroll or other types of checks that are directly and electronically deposited into the bank.
Direct Deposit
The balance an account will grow to based on defined intervals.
Future Value of a Periodic Deposit Investment
Predicting a y-value for and x-value within the domain.
Interpolation
Data used to represent typical values in certain situations.
Measures of Central Tendency
The graph of a normal distribution.
Bell Curve
Interest earned money deposited into an account plus previous interest.
Compound Interest
An action that facilitates finding the numeric value of a non-common logarithm.
Change-of-base Formula
B=P(1+r/n)^nt
Compound Interest Formula
A table that displays each value and its frequency.
Frequency Distribution
Approximating a scatterplot by a single line that best fits the scatterplot.
Linear Regression
A progression of numbers which the difference between any two consecutive terms is a constant.
Arithmetic Sequence
The simple interest rate required to give the same amount of interest as calculated by the compound interest formula.
APY=(1+r/n)^n-1
Annual Percentage Yield
What is the name of this formula?
P=B/(1=r/n)^nt
Present Value of a Single Deposit Investment